Prakash Steelage Ltd Directors Report

To

The Members Prakash Steelage Limited

The Board of Directors presents the 35th (Thirty-Fifth) Annual Report on the business and operations of your Company together with theAudited Financial Statements for the year ended 31st March 2026.

FINANCIALSUMMARYAND HIGHLIGHTS

The financial highlights of the Company for the year ended 31st March 2026 are summarized below:

(Rs. in Lakhs)

Particulars	Year Ended
	31.03.2026	31.03.2025
Total Revenue	9,111.13	7,801.92
Less: Expenses	8,997.03	7,605.28
Profit / Loss Before Exceptional Item	114.10	196.64
Add/ (Less) : Exceptional Item	-	-
Profit / (Loss) Before Tax (PBT)	114.10	196.64
Less : Tax	30.23	67.07
Profit / (Loss) After Tax (PAT)	83.87	129.57

FINANCIAL PERFORMANCE/OVERVIEW

During the year under review, the total revenue for the year ended 31stMarch2026 is Rs. 9,111.13 Lakh as compared to Rs. 7,801.92 Lakh in the previous year. The Company has earned a profit of Rs. 114.10 Lakhs before exceptional item for the yearagainstthe Profitof Rs. 196.64 Lakhs in the previous year.

DIVIDEND

Your Directors do not recommend any dividend for the Financial Year 2025-26.

RESERVES

Further, your Company has not transferred any amount to its reserves for the Financial Year 2025-26.

FINANCEANDACCOUNTS

As mandated by the Ministry of Corporate Affairs, the Financial Statements for the Financial Year ended on 31st March, 2026 have been prepared in accordance with the Indian Accounting Standards (IndAS) notified underSection 133 of the CompaniesAct, 2013 read with the Companies (Accounts) Rules, 2014 as amended from time to time. The estimates and judgments relating to the Financial Statements are made on a prudent basis, so as to present a true and fair view, the form and substance of transactions and reasonably present the Companys state of affairs, profits/ (loss) and cash flows for the year ended 31stMarch, 2026. Notes to the Financial Statements adequately cover the Audited Statements and form an integral part of this Report.

SHARE CAPITAL

The Paid-up Share Capital of the Company as on 31stMarch, 2026 stood at Rs. 17.50 Crores comprising of 17,50,00,390 Equity Shares of Re.1 each. During the year under review, there is no change in the Paid-Up Share Capital of the Company.

During the year under review, the Company has not issued shares or convertible securities or shares without differential voting rights nor has granted any employee stock options or sweat equity shares. Further, it has not provided any money to its employees for purchase of its own shares hence the Company has nothing to report in respect of Rule 4(4), Rule 12(9) and Rule 16 of the Companies (Share Capital & Debentures) Rules, 2014.

The Company has not issued any Debentures/debt securities during the year under review.

As on 31st March, 2026, none of the Directors of the Company hold instruments convertible into Equity Shares of the Company.

DETAILS OF SUBSIDIARY/JOINTVENTURE/ASSOCIATE

Your Company does not have any Subsidiary, Joint Venture orAssociate Company during the period under review.

DETAILS IN RESPECT OF ADEQUACY OF INTERNAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS

The Company has in place adequate Internal Financial Controls with reference to financial statements, some of which are outlined below.

Your Company has adopted accounting policies which are in line with the IndianAccounting Standards notified underthe Companies (Indian Accounting Standards) Rules, 2015 ("Ind AS") as amended by the Companies (Indian Accounting Standards) Rules, 2016, The Companies (IndianAccounting Standards) Rules, 2017 and that continue to apply under Section 133 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and relevant provisions of the Companies Act, 2013, to the extent applicable. These are in accordance with Generally Accepted Accounting Principles (GAAP) in India. Changes in policies, if any, are approved by theAudit Committee in consultation with the Auditors.

The Management periodically reviews the financial performance of your Company against the approved plans across various parameters and takes necessary action, wherever necessary. Internal Auditors have been appointed which report on quarterly basis on the operations of the Company. The observations, if any, of the Internal Auditors, are resolved to their satisfaction and are implemented across all the sites.

EXTRACT OF THEANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3) (a) of the Act, theAnnual Return as on 31stMarch, 2026 is available on the Companys website atwww.prakashsteelage.com.

NUMBEROFMEETINGS

a) Board of Directors

The Board of Directors met Four (4) times in the Financial Year. The details of the Board Meetings and the attendance of the Directors are provided in the Corporate Governance Report, which forms part of theAnnual Report. The intervening gap between the consecutive two (2) meetings did not exceed 120 days in accordance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, hereinafter referred to as “SEBI (LODR)”.

b) Audit Committee

During the year, Four (4) Audit Committee Meetings were convened and held. The details pertaining to composition of Audit Committee and the attendance of theAudit Committee members are provided in the Corporate Governance Report, which forms part of the Annual Report. The intervening gap between the two (2) meetings did not exceed 120 days in accordance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, hereinafter referred to as “SEBI (LODR).

c) Nomination & Remuneration Committee

During the year, One (1) Nomination and Remuneration Committee Meetings were convened and held. The details pertaining to composition of Nomination and Remuneration Committee and the attendance of the Nomination and Remuneration Committee members are provided in the Corporate Governance Report, which forms part of the Annual

Report.

d) Stakeholders Relationship Committee

During the year, One (1) Stakeholders Relationship Committee was convened and held. The details pertaining to composition of Stakeholders Relationship Committee and the attendance of the Stakeholders Relationship Committee members are provided in the Corporate Governance Report, which forms partoftheAnnual Report.

e) Corporate Social Responsibility

During the year, One (1) meeting of the CSR Committee was held during the year under review. The details pertaining to composition of Corporate Social Responsibility Committee and the attendance of the Corporate Social Responsibility Committee members are provided in the Corporate Governance Report, which forms partoftheAnnual Report.

f) Independent Directors Meeting

In terms of requirements of Schedule IV of the Companies Act, 2013 a separate meeting of Independent Directors was also held on 13th February 2026 to review the performance of Non- Independent Directors, the entire Board and quality, quantity and timelines of the flow of information between the Management and the Board.

DIRECTORS RESPONSIBILITY STATEMENT

In accordance with Section 134(3)(c)of the CompaniesAct, 2013, the Board of Directors confirm that:

(a) In the preparation of the annual accounts of the Company for the year ended 31st March, 2026, the applicable accounting standards have been followed, along with proper explanation relating to material departures, if any;

(b) the accounting policies as mentioned in the notes to the Financial Statements for the year ended 31stMarch, 2026 have been selected and applied consistently and made judgments and estimates that have been made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on 31stMarch, 2026 and of the profit of the Company for the year ended as on that date;

(c) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(d) the annual financial statements for the year ended 31stMarch, 2026 have been prepared on a going concern basis;

(e) the internal financial controls laid down by the Company are being followed and such internal financial controls are adequate and are operating effectively; and

(f) Proper systems to ensure compliance with the provisions of all applicable laws have been devised and such systems were adequate and operating effectively.

DETAILS OF FRAUD REPORTED BYAUDITOR

No such reporting is done by any auditor of the Company under sub section 12 of section 143oftheAct.

STATEMENT OF DECLARATION GIVEN BY INDEPENDENT DIRECTORS

Your Company has received declarations from all the Independent Directors viz., Mr. Rajesh Kumar Agrawal, Mr. Sundaram Padmanabhan, Mr. Sharad Chandra Bohra and Ms. Shweta Mundra confirming that they meet the criteria of independence as provided in Section 149(6) of the CompaniesAct, 2013 and Regulation 16(1)(b) and Regulation 26(5) and Regulation 25(8) of the SEBI (LODR) Regulation 2015.

POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION INCLUDING CRITERIA FOR THEIR PERFORMANCE EVALUATION

The Board, on the basis of the criteria/manner as recommended by the Nomination & Remuneration Committee of the

Board of Directors, evaluates the performance of the Directors pursuant to the provisions of the Companies Act, 2013 read with Rules framed thereunder along with the corporate governance requirements as laid down by Securities Exchange Board of India (“SEBI”) under “SEBI (LODR)”.

The performance of the Board and its Committees is evaluated by the Board afterseeking inputs from all the Directors on the basis of the criteria as recommended by Nomination & Remuneration Committee of the Board of Directors such as adequacy of the composition of the Board, its Committees, Board culture, execution, effectiveness of board processes, performance and functioning of specific duties, obligations, governance, etc. in accordance with the provisions of the CompaniesAct, 2013 read with rules framed thereunder and the “SEBI (LODR)”.

In a separate meeting of Independent Directors, performance of Non-Independent Directors, performance of the Board as a whole and performance of the Chairman is evaluated, taking into account the views of Executive Directors and Non- Executive Directors and also assessed the flow of information between the Management and the Board to effectively and reasonably perform theirduties. The same is discussed in the Board Meeting that follows the meeting of the Independent Directors, at which the performance of the Board, its Committees and individual Directors is also discussed in accordance with the requirement of Regulation 25(4) of the “SEBI (LODR)”.

Abrief extract of the Remuneration Policy on appointment and remuneration of Directors, Key Managerial Personnel and Senior Management is provided as Annexure -1 to thisAnnual Report.

FAMILIARISATION PROGRAM FOR INDEPENDENT DIRECTORS

Pursuant to the provisions of Regulation 25(7) of the “SEBI (LODR)” the Company prepared and pursued the Familiarization Program for Independent Directors as hosted on Companys website (www.prakashsteelage.com) during the year under review.

STATUTORY AUDITORS

The members at the Annual General Meeting held on 27th September 2023 re-appointed M/s. Pipara & Co. LLP, Chartered Accountants as the Statutory Auditors of the Company, for a second term of five consecutive years, from the conclusion of the 32nd Annual General Meeting till the conclusion of the 37th Annual General Meeting to be held in the year 2028.

Auditors have also confirmed their eligibility and willingness to act as Statutory Auditors of the Company pursuant to the provisions of the CompaniesAct, 2013 read with rules framed thereunder.

AUDITORS REPORT

The Report given by Statutory Auditors, on the Financial Statements of the Company, is disclosed as a part of the Financial Statements of the Company for the year under review. There has been no qualification, reservation, adverse remark or disclaimer given by the StatutoryAuditors in their Report and does not call for any further comments. The Notes to the Financial Statements are self-explanatory and do not call for any further comments.

COSTAUDITORS

Your Company had received a consent letter from M/s. P.K. Patwa & Co, Cost Accountants, as a Cost Auditor of your Company dated 19th May 2026; to act as the Cost Auditor of the Company for the Financial Year 2026-27. The Board, on the recommendations made by the Audit Committee, at its meeting held on 28th May 2026, has approved their appointment as Cost Auditor of the Company, in accordance with Section 148(3) of the CompaniesAct, 2013 read with Companies (Audit and Auditors) Rules, 2014 and other applicable provisions, if any. The remuneration proposed to be paid to the Cost Auditors, subject to the ratification by the members at the ensuing Annual General Meeting, would be Rs. 35,000 plus applicable Taxes and out of pocket expenses, if any. Necessary resolution seeking your ratification for the proposed remuneration to be paid totheCostAuditorshas been included in the notice of theAnnual General Meeting.

INTERNALAUDITORS

Your Company has received the consent letter from M/s. Luniya & Co., Chartered Accountants, Mumbai (Firm Registration No. 129787W) dated 20th May 2026, to act as an InternalAuditorofthe Company for the Financial Year 2026- 27 pursuant to the provisions of Section 138 of the CompaniesAct, 2013. They have also confirmed their eligibility and willingness to act as Internal Auditors of the Company pursuant to the provisions of the Companies Act, 2013 read with rules framed thereunder.

SECRETARIALAUDITORS

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, M/s. S. K. Jain & Co., Practicing Company Secretaries (COP No. 3076), were appointed as the Secretarial Auditors of the Company by the members at the 34th Annual General Meeting to conduct the Secretarial Audit of the Company for a term of five consecutive financial years commencing from the Financial Year2025-26.

Accordingly, M/s. S. K. Jain & Co. continue to act as the Secretarial Auditors of the Company for the Financial Year 2026-27.

The SecretarialAudit Report for the Financial Year 2025-26 is annexed to this Report as Annexurell.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE COMPANIES ACT, 2013

With respectto loans, guarantees and investments, if any, covered underthe provisions of Section 186 of the Companies Act, 2013 read with Rule 11 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Company has not given any loan or guarantee to any person nor made any investments in any Company.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES REFERRED TO IN SUB- SECTION (1) OF SECTION 188 OF THE COMPANIESACT, 2013

All contract(s)/arrangement(s)/transaction(s) entered into by the Company with its related parties were in compliance with the provisions of the CompaniesAct, 2013 and SEBI (LODR), 2015.

Form e-AOC-2 prescribed underthe provisions of Section 134(3)(h) of the CompaniesAct, 2013 read with the Rule 8 of the Companies (Accounts) Rules, 2014, fordisclosure of details of Related Party Transaction, which are “at arms length basis” and which are “Material and at arms length basis” is provided as an ‘Annexure III” of the Boards Report.

Accordingly, Form e-AOC-2 prescribed underthe provisions of Section 134(3)(h) of the CompaniesAct, 2013 read with the Rule 8 of the Companies (Accounts) Rules, 2014, fordisclosure of details of Related Party Transaction, which are “not at arms length basis” and which are “Material and not at arms length basis” is not provided as an annexure of the Boards Report.

All Related Party Transactions are placed before theAudit Committee for review and approval. Prior omnibus approval is obtained for Related Party Transactions on a yearly basis for transactions which are of repetitive nature and/or entered in the ordinary course of business and are at arms length.

Your Company has formulated a Policy on Related Party Transactions which is also available on Companys website at www.prakashsteelage.com.

The Policy intends to ensure that proper reporting, approval and disclosure processes are in place for all transactions between the Company and Related Parties. This Policy specifically deals with the review and approval of Material Related Party Transactions keeping in mind the potential or actual conflicts of interest that may arise because of entering into these transactions.

The particulars of every contract(s) or arrangements entered into by the Company with related parties referred to in sub- section (1) of Section 188 of the CompaniesAct, 2013 including certain arms length transactions under third proviso thereto given as per notes which forms part to financial statement which is provided in this report.

MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATEAND THE DATE OF THE REPORT

Except as disclosed elsewhere in this report, there have been no material changes and commitments which can affect the financial position of the Company between the end of the Financial Year as on 31st March 2026 of the Company and the date of this Report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGSAND OUTGO

The details of conservation of energy, technology absorption foreign exchange earnings and outgo are stated in “Annexure IV” to this report, as required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014.

RISKMANAGEMENT

The Company has in place a Risk Management System with the objective to formalize the process of identification of potential risk and adopt appropriate risk mitigation measures through a risk management structure which takes care of risk identification, assessment and mitigation. This system is a step by the Company towards strengthening the existing internal controls and updating the same as may be required from time to time. Risk factors and their mitigation are covered extensively in the Management Discussion andAnalysis Report forming part of this Report.

Further, the Board has dissolved Risk Management Committee w.e.f. 12th November 2018 as per the Reg. 21 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 amended on 09th May 2018 which specifies that the Constitution of Risk Management Committee is Mandatory for top 1000 Listed Companies.

CORPORATESOCIAL RESPONSIBILITY (“CSR”) INITIATIVES

The provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 were not applicable to the Company during the Financial Year 2025-26, as the Company did not meetthe prescribed thresholds for applicability of Corporate Social Responsibility ("CSR") provisions.

Accordingly, the Company was not required to undertake any CSR activities or incur any expenditure towards CSR during the year under review. Consequently, the disclosures relating to CSR, including the Annual Report on CSR Activities, are notapplicableforthe Financial Year2025-26.

The details of the CSR Committee, constituted in the earlier years when the CSR provisions were applicable to the Company, are provided in the Corporate Governance Report forming partofthisAnnual Report, wherever applicable.

DEPOSITS

The Company has not accepted any deposit from the public during the year under review within the meaning of the provisions of Section 73 of the CompaniesAct, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

Mr. Himanshu Sethia has resigned from the position of Company Secretary & Compliance Officer with effect from 02nd June, 2025 (Closure of Business Hours). The resignation was duly noted and accepted by the Board. Subsequently, Ms. Sakshi Dinesh Faganiya was appointed as the Company Secretary & Compliance Officer with effect from 03rd June, 2025. Her appointment was approved by the Board after reviewing her qualifications and experience.

Mr. Hemant P. Kanugo (00309894), will retire by rotation at the ensuing Annual General Meeting, he is eligible for re- appointment and offers himself for re-appointment.

In accordance with Section 2(51) and 203 of the CompaniesAct, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the following are the Key Managerial Personnel of the Company:

1. Mr. Prakash C. Kanugo, Chairman & Managing Director;

2. Mr. Ashok M. Seth, Whole-Time Director & Chief Financial Officer;

3. Mr. Hemant P. Kanugo, Whole-Time Director

4. Mr. Kamal P. Kanugo, Whole-Time Director

5. Ms. Sakshi Dinesh Faganiya, Company Secretary & Compliance Officer.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUSAND COMPANYS OPERATIONS IN FUTURE

Pursuant to Section 134(3)(q) of the Companies Act, 2013 read with Rule 8(5)(vii) of the Companies (Accounts) Rules, 2014, no significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Companys operations in future.

INTERNAL CONTROL SYSTEMS

Your Company has an effective internal control and risk mitigation system, which is constantly assessed and strengthened with new / revised standard operating procedures pursuant to Section 134(3)(q) of the Companies Act, 2013 read with Rule 8(5)(viii) of the Companies (Accounts) Rules, 2014 and Regulation 18(3) of SEBI (LODR) Regulations, 2015.

The Company had entrusted the internal audit to M/s. Luniya &Co., Chartered Accountants, Mumbai (Firm Registration No. 129787W). However, the principal objective of the internal audit process is to test and review controls, independent appraisal of risks, business process and benchmarking internal controls with the best practices.

The Audit Committee of the Board of Directors actively reviews, the adequacy and effectiveness of the internal control systems and suggests improvements to strengthen them.

The Company has a robust Management Information System, which is an integral part of the control mechanism.

The members of Audit Committee and Statutory Auditors are periodically apprised of the Internal Audit findings and corrective action taken. Internal audit plays a key role in providing assurance to the Board of Directors.

COMPOSITIONOFTHECOMMITTEES

Audit Committee	1. Mr. Sundaram Padmanabhan (Chairman)
	2. Mr. Rajesh Kumar Agrawal (Member)
	3. Mr. Ashok M. Seth (Member)
	4. Ms. Shweta Mundra (Member)
Nomination & Remuneration Committee	1. Mr. Rajesh Kumar Agrawal (Chairman)
	2. Mr. Sundaram Padmanabhan (Member)
	3. Ms. Shweta Mundra (Member)
Stakeholders Relationship Committee	1. Mr. Sharad Chandra Bohra (Chairman)
	2. Mr. Rajesh Kumar Agrawal (Member)
	3. Mr. Ashok M. Seth (Member)
Corporate Social Responsibility Committee	1. Mr. Sundaram Padmanabhan (Chairman)
	2. Mr. Ashok M. Seth (Member)
	3. Mr. Hemant P. Kanugo (Member)
Executive Committee	1. Mr. Prakash C. Kanugo (Chairman)
	2. Mr. Ashok M. Seth (Member)
	3. Mr. Hemant P. Kanugo (Member)
	4. Mr. Kamal P. Kanugo (Member)

The brief details with respect to the constitution, meetings, scope and functions of the above mentioned Committees of the Company have been provided in Corporate Governance section forming part of thisAnnual Report.

VIGIL MECHANISM UNDER WHISTLE BLOWER POLICY

Pursuant to Section 177(9) and (10) of the Companies Act, 2013 and Regulation 22 of the “SEBI (LODR)”, the Board of Directors has on the recommendation of itsAudit Committee, adopted the Whistle Blower Policy” at their meeting held on 28th May, 2026 for Directors and Employees of the Company, to report concerns about unethical behavior, actual or suspected fraud or violation of your Companys Code of Conduct and to voice genuine concerns or grievances about unprofessional conduct without fear of reprisal. Adequate safeguards are provided against victimization to those who avail of the mechanism and direct access to the Chairman of the Audit Committee in exceptional cases is provided to them.

None of the personnel of the Company has been denied access to the Audit Committee of the Board of Directors of the Company. The said policy is hosted on the website of the Company (www.prakashsteelage.com).

PARTICULARS OF EMPLOYEES AS PER SECTION 197(12) & RULE 5 OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014

Details of employee remuneration as required under provisions of Section 197 (12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed as “Annexure V” to the Report.

The details of top ten employees of the Company is annexed as “Annexure V-A” to this Report.

None of the employees has drawn the remuneration more than the limit prescribed under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

MANAGEMENTDISCUSSIONANDANALYSIS

Management Discussion and Analysis Report for the year under review, as stipulated under Regulation 34(2)(e) of the “SEBI (LODR)” is annexed as “Annexure VI” to this Report.

CORPORATE GOVERNANCE

Your Company is committed to follow the best practices of Corporate Governance, including the requirements under the “SEBI (LODR)” and the Board is responsible to ensure the same, from time to time.

The Company has duly complied with the Corporate Governance requirements as set out under Regulation 34(3) and Schedule V of the “SEBI (LODR)”, from time to time and the Secretarial Auditors of the Company viz. M/s. S.K. jAiN & Co, Company Secretaries, have, vide their certificate dated July 13,2026 confirmed that the Company is and has been compliant with the conditions stipulated in the Regulation 34(3) and Schedule V of the “SEBI (LODR)”.

The said certificate is annexed to this report as “Annexure-VII”. Further, a separate report on Corporate Governance forms part of thisAnnual Report.

DISCLOSURES AS PER THE SEXUAL HARASSMENT OF WOMEN AT THE WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013

Your Company has formulated a Policy known as "The Anti - Sexual Harassment Policy” (“Policy”) which aims to provide a safe working environment and prohibits any form of sexual harassment. This policy intends to prohibit occurrences of any form of sexual harassment and also details procedures to follow when an employee believes that a violation of the policy has occurred within the ambit of all applicable regulations regarding Sexual harassment. The said policy is hosted on the website of the Company (www.prakashsteelage.com).

In line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013, the Board has constituted an Internal Complaints Committee (“ICC”) to redress the complaints received regarding sexual harassment. All employees (whether permanent, contractual, temporary, trainee) are covered under this policy. The Company conducts awareness programs at regular intervals.

Our Company has zero tolerance for sexual harassment at workplace. Our Company has adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at Workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (POSH Act), and the Rules framed thereunder.All employees (permanent, contractual, temporary and trainees) are covered under this policy.

Our Company has constituted Internal Complaints Committee to redress and resolve any complaints arising under the POSHAct.

The Company is committed to providing a safe and conducive work environment to all its employees and associates.

During the Financial Year2025-26:

No. of Complaints received: Nil

No. of Complaints disposed of: Nil

No. of cases pending fora period exceeding 90 days: Nil

MATERNITYBENEFIT

The Company has complied with the provision of Maternity BenefitAct, 1961.

SECRETARIAL STANDARDS ISSUED BYTHE INSTITUTE OF COMPANY SECRETARIES OF INDIA(ICSI)

The Company complies with the Secretarial Standards issued by ICSI,oneofthe premier professional bodies in India.

CHANGES IN THE NATURE OF BUSINESS:

There were no changes in the nature of business during the financial year under review.

ACKNOWLEDGEMENTS

The Directors would like to express their sincere appreciation for the assistance and co-operation received from the banks, Government authorities, vendors, investors and other stakeholders. The Board also recognizes the contribution of the valued customers in the growth of the Company and takes this opportunity to pledge the Companys commitment to serve them.

Your Directors also wish to place on record their deep sense of appreciation for hard work, co-operation, solidarity, dedication & commitment displayed by all executive officers, staff during the year, resulting in the successful performance of the Company.

The Directors appreciate and value the contribution made by every member of the PSLfamily.

	For and on Behalf of the Board of Directors
	Prakash Steelage Limited
	Sd/-
	Prakash C. Kanugo
Place : Mumbai	Chairman & Managing Director
Date : 13th August, 2026	DIN:00286366